What is MultiversX ?
🚀 What is MultiversX exactly?
MultiversX, formerly known as Elrond, is a next-gen blockchain built for speed, efficiency, and accessibility. With a capacity of over 100,000 transactions per second, it outperforms Bitcoin and Ethereum in scalability.
But MultiversX isn’t just about transactions. It’s also a platform for building decentralized apps (dApps), NFTs, and virtual experiences—it’s a true gateway to the metaverse 🕹️
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🧠 Why did Elrond become MultiversX?
The rebrand in 2022 marked a major shift in vision. Elrond was seen as a fast blockchain—but the team aimed bigger: to build a complete Web3 ecosystem with virtual worlds and immersive services.
That’s why MultiversX was born: a name reflecting the metaverse and the many digital dimensions it wants to connect 🌌
💰 What is the EGLD token used for?
The EGLD token (short for “eGold”) powers the entire MultiversX ecosystem.
It’s used to:
- pay transaction fees
- participate in staking and earn rewards
- access decentralized applications
- interact with NFTs and the metaverse
EGLD is essential to using the network. With only 21 million tokens, it’s also built with scarcity in mind 🔐
🔒 Security, speed, and eco-design
MultiversX uses Adaptive State Sharding, a smart way of splitting the workload across sub-networks. This keeps the blockchain fast, secure, and scalable under heavy usage.
It’s also energy-efficient, making it a greener alternative to Bitcoin and even pre-Merge Ethereum.
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🎯 Why should you pay attention to MultiversX?
MultiversX is one of the most technically advanced blockchains right now. It brings:
✅ high speed and low cost
✅ a useful, limited token
✅ a growing Web3 ecosystem
✅ a bold long-term vision
If you’re looking at Web3 infrastructure of the future, EGLD deserves your attention 👀